KUALA LUMPUR (June 9): AIA Malaysia has announced that it is offering Malaysians and their families Covid-19 Vaccine Complications Cover and Covid-19 Diagnosis Cover at no additional cost.

AIA said in a June 8 statement that the two latest offerings further extend insurers' dedication to providing holistic propositions to lessen the health, wealth and protection anxieties of Malaysians amidst the pandemic.

AIA noted that it is currently one of the few insurers and takaful operators in the market to provide medical plans that cover medically necessary hospitalisation due to Covid-19 and vaccine complications in private hospitals.

Both free covers below are available to any Malaysians, including AIA customers, who are interested to sign up, subject to terms and conditions, it said.

• While everyone has a role to play to help Malaysia achieve herd immunity, there are many who are concerned with the side effects of Covid-19 vaccines.
• Through its new Free Covid-19 Vaccine Complications Cover, AIA hopes to address some of these concerns and offer Malaysians peace of mind by providing the protection that they will need when they go for their vaccination.
• The coverage comprises a hospital income of RM100 per day (up to 14 days) if a person is admitted to the hospital due to Covid-19 vaccine complications, and a RM20,000 benefit if the person passes away in Malaysia as a result of the vaccine side effects or complications.
• This free cover is open to anyone between 18 and 70 years old to sign up. They can activate their cover between June 3 and June 14, 2021 through AIA Life Planners, and once activated, they will be covered until Dec 31, 2021 or when the total claims limit reaches RM3 million, whichever comes first.

• With hospitals and quarantine centres currently running at their full capacities, AIA's Free Covid-19 Diagnosis Cover comes at an appropriate time as more people are placed under home quarantine.
• This special Covid-19 coverage provides a RM1,000 cash relief to support customers who are diagnosed with Covid-19 and are unable to continue working due to quarantine requirements, including home quarantine.
• Additionally, it also covers death due to Covid-19 — where a lump sum of RM5,000 (for new customers)/RM10,000 (for AIA's existing customers) will be paid.
• The cover is offered at no extra cost to AIA customers who have new life insurance/family takaful/Flex PA plans with AIA which take effect between June 1 and June 30, 2021.
• Customers who are eligible will get to enjoy this free cover until Sept 30, 2021, or when the total claims limit reaches RM1.5 million, whichever comes first.

Commenting on the launch of these latest offerings, AIA Bhd's chief executive officer (CEO) Ben Ng said: "AIA always strives to help fellow Malaysians be financially prepared for life's unexpected events, and we are proud that our current selling medical plans are one of the few in the market that cover medically necessary hospitalisation due to Covid-19 and vaccine complications. We are deeply committed to ensuring that their entire health journey is well supported through our unique Total Health Solution ecosystem. The new free covers we are announcing today further attests to our commitment to providing end-to-end Covid-19 protection to our customers. It is also our hope that they will help spur more people to reassess their insurance and takaful needs at this time of uncertainty."